Admin

Cape Coral, FL Real Estate News

By Scott Slocum, Scott Slocum & Associates 239-222-4800, Cape Coral
(Florida Future Realty Inc.)
Cape Coral Florida and other cities in our regions have become a prime opportunity for those looking to purchase Bank Owned REO Foreclosure properties at very reasonable prices. Single Family Homes starting at $49,000 $30,000 Condos starting at $47,900 $29,000 Income Producing Duplex (and larger) starting at $84,900  $60,000 The prices obviously increase from that price range.  This is something to keep in mind when bidding on these properties.  We have noticed that some of the asset managers have had the REALTOR® set the listing prices low to draw an increased interest in the property.  Now we have seen just the opposite too.  These are properties with listing prices slightly higher than the rest of the properties on the market.  Many of these properties will encounter higher days on m...
Comments 0
By Mike Kelly
(Sellstate Advantage Realty)
I have sold many homes throughout my career in Cape Coral and I always try to make a great impression and deliver more than the client expects! I always want to be remembered and when they hear someone mention real estate I immediately want them to think about Mike Kelly and Sellstate Advantage! Well this time I think I have succeeded and maybe even over done it! My wife and I were working with a young couple who were looking to take advantage of the low prices and purchase their first home! We found the home of their dreams at a price they could afford and they were thrilled. After closing they decided to go to their new home and remove the carpet because they were going to replace it! As they pulled up the carpet she said they heard what they thought was water coming from the wall! Wi...
Comments 11
By Colleen Pearsall
(Pearsall Properties Inc)
  Here is the 24 hour report for activity in the Cape Coral Real Estate market according to the MLS. This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Cape Coral area for local real estate reports and statistics. For more free reports and Cape Coral Real Estate visit http://www.intelligentlisting.com/ New Listings 64   Back on Market 6   Price Increases 5   Price Reductions 91   Contingents 8   Pendings 24   Solds 23   Expireds 23   Inactives 18   SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://www.colleenpearsall.com/ to be the first to know about hot new listings!   Colleen Pearsall 239-458-5566...
Comments 0
By Colleen Pearsall
(Pearsall Properties Inc)
  Here is the 24 hour report for activity in the Cape Coral Real Estate market according to the MLS. This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Cape Coral area for local real estate reports and statistics. For more free reports and Cape Coral Real Estate visit http://www.intelligentlisting.com/ New Listings 77   Back on Market 23   Price Increases 8   Price Reductions 123   Contingents 13   Pendings 38   Solds 35   Expireds 40   Inactives 12     SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://www.colleenpearsall.com/ to be the first to know about hot new listings!   Colleen Pearsall 239-458...
Comments 0
By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
Cape Coral Real Estate - SOLD | Cape Coral Short Sale Today we closed on another short sale here in Cape Coral, Florida. This was a beautiful new home on a gulf access canal. The home has 4 bedrooms, 3 bathrooms, a 3 car garage and an inground pool. The previous owner had built the home and had a mortgage of $808,000 on the home. We listed the home for sale at market value and made price reductions as necessary for today's market.  We received an offer on May 6, 2008. The seller signed off on the offer on May 9, 2008. The bank (seller's lender) approved the short sale on June 5, 2008. The buyers were paying with cash so they were able to have their home inspection shortly thereafter and we were able to close today, June 12, 2008. That is just over 30 days from offer to closing on this s...
Comments 3
By Colleen Pearsall
(Pearsall Properties Inc)
  Here is the 24 hour report for activity in the Cape Coral Real Estate market according to the MLS. This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Cape Coral area for local real estate reports and statistics. For more free reports and Cape Coral Real Estate visit http://www.intelligentlisting.com/ New Listings 64   Back on Market 24   Price Increases 9   Price Reductions 83   Contingents 5   Pendings 35   Solds 28   Expireds 28   Inactives 12   SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://www.colleenpearsall.com/ to be the first to know about hot new listings!   Colleen Pearsall 239-458-556...
Comments 0
By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
The boat lift in NW Cape Coral is currently being removed. This WILL give boaters a more direct access to the gulf of mexico. It was already gulf access. Now, for the time being, it is just easier and quicker to get out to open water. They are conducting an environmental study for at least a year to see how this effects everything. Then they may or may not put up another lift or something else. So question, do I think this can help home sales in the area? Of course. I think if buyers see how their access just became better it will make them like that area more. Of course, this may or may not be forever. Things can change. Things can change anytime. For anything. At the present time and without my crystal ball I cannot say if the lift will be rebuilt. They don't seem to know yet either. ...
Comments 1
By Colleen Pearsall
(Pearsall Properties Inc)
  Here is the 24 hour report for activity in the Cape Coral Real Estate market according to the MLS. This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Cape Coral area for local real estate reports and statistics. For more free reports and Cape Coral Real Estate visit http://www.intelligentlisting.com/ New Listings 78   Back on Market 15   Price Increases 6   Price Reductions 100   Contingents 15   Pendings 43   Solds 23   Expireds 27   Inactives 23     SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://www.colleenpearsall.com/ to be the first to know about hot new listings!   Colleen Pearsall 239-458...
Comments 0
By Mike Kelly
(Sellstate Advantage Realty)
I have recently been speaking with many Baby Boomers and I almost forgot that I am one of them!  Yes I am at the tail end of the Boomer generation but I am considered a Baby Boomer! When I got to thinking about what it means to be a Boomer I started to realize some of the changes that have been taking place in my life! Having turned 50 just a few years ago I quickly found out that I needed longer arms to read the newspaper! I never realized how cold the bathroom floor was in the middle of the night! (That is because I used to sleep like a rock for 8 hours and never get up!) My wife Patti, told me that I had something called "selective hearing" but after visiting the ear doctor I now have microphones on my ears! Boy it is wonderful being a Baby Boomer! I wanted to share with you somethin...
Comments 3
By Mike Kelly
(Sellstate Advantage Realty)
I was listening to our local talk radio show earlier today and they were discussing how to save money now that gas has topped $4.00 a gallon in Southwest Florida! The number one suggestion was for people to discuss with their bosses the possibility of working from home one day per week! Now while this is not practical for everyone, it certainly does make sense for many people! How fortunate are we as Realtors to be able to work from home everyday if we want! The days of going to the office everyday are certainly in the past! Thanks to technology it is now possible to be in business where ever and whenever we want! Now more than ever it is imperative to stay in touch with the latest technology that can help us work smarter and not harder! I have made a commitment to keep our office on th...
Comments 2
By Colleen Pearsall
(Pearsall Properties Inc)
  Here is the 24 hour report for activity in the Cape Coral Real Estate market according to the MLS. This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Cape Coral area for local real estate reports and statistics. For more free reports and Cape Coral Real Estate visit http://www.intelligentlisting.com/ New Listings 47   Back on Market 14   Price Increases 4   Price Reductions 93   Contingents 6   Pendings 20   Solds 14   Expireds 31   Inactives 10   SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://www.colleenpearsall.com/ to be the first to know about hot new listings!   Colleen Pearsall 239-458-556...
Comments 0
By Anthony Vadala, The Handyman Realtor®
(Sun Country Homes and Realty)
Fox National News reported the other day that lee county is soaring in sales. This time last year we had 3 years inventory and as of today they reported their is only 9 months.   Properties have been reduced by sellers and lenders for quick sales. "Unbelievable pricing"     We have 50 full time agents working the SW Florida's Gulf Coast Real Estate market. Foreclosure & Discounted properties are our specialty. Instant $$$ appreciation.   Buy real estate with your IRA: Investing IRA   Need to sell you home because of financial trouble? We handle short sales and foreclosures.       Our company works with  Mortgage Brokers that have programs to fit your financial needs. Creative financing & competitive rates. Quick & easy turn around time.   Looking for a vacation rental or long term renta...
Comments 6
By Mike Kelly
(Sellstate Advantage Realty)
We are ready for another big weekend with buyers coming into town from all over the country! New York, New Jersey and Michigan will be represented this weekend in beautiful Cape Coral, Florida as the word has definitely gotten out that NOW is the time to buy! The deals are out there and the buyers are coming! I have noticed a big change this week in the increase of inquiries for waterfront properties! I knew it was coming, but if you believe what you read in the newpaper, the "experts" were saying that would not happen for at least a year! Well it has started already! Just this week alone we added 10 or 12 buyers to our Listingbook service! This free service allows our buyers to search the MLS on their own. Each of these buyers was looking for waterfront propertiy! If you would like you...
Comments 1
By Barbara Klare, Broker Associate, Jones & Co Realty
(Looking For a Real Estate Value in Cape Coral or Fort Myers?)
There's an amazing selection of Cape Coral foreclosed homes. These homes are now bank or corporate owned. The selection includes waterfront, gulf access, direct access, sailboat access as well as homes on dry lots. Many are newer homes.  Now is fantastic home or investment buying opportunity, but …..? Foreclosed homes must be purchased "as is" from the lender or corporate financial institution. Don’t expect a foreclosed home to be in perfect condition. It is possible to inspect these homes before making an offer but often in Cape Coral’s fast moving foreclosure market, there is little time to do a proper professional inspection. When home owners are faced with foreclosure they usually stop maintaining the home. In Cape Coral’s lovely tropical climate, the landscaping will either die in...
Comments 0
By Mike Kelly
(Sellstate Advantage Realty)
My wife, Patti, has always said that everything happens for a reason! And she is also very quick to always remind me to look for the good in everything and in everybody! After 22 years together I think she has finally gotten through to me! I now look at things very different than I did before and I try to put a positive spin on everything! Here in Cape Coral, Florida our market has started to rebound and since Christmas sales are strong! That is a very good thing for Realtors and buyers alike! It is also a positive for sellers who did not buy at the peak of our Boom!! We live in a location that is very condusive being in a good mood because, with the exception of maybe 5 days a year, the sun shines daily! We live in a beautiful home and for the most part we have our health! See how well...
Comments 1
By Mike Kelly
(Sellstate Advantage Realty)
I have been reading post after post on the frustration of short sales! And yes I agree they are not easy and very frustrating at times! Here in beautiful Cape Coral, Florida we have literally thousands of homes listed as short sales! We have found that patience is the key and if your buyer is willing to wait it will pay off! Within the last week we have been able to close on 3 short sales for our buyers! The average time from making the offer to closing was 3 months! If you really think about it that is not bad at all! And we received our standard commission! Short sales are a necessary evil in today's marketplace and the key to success is working with agents who are good at what they do! So if you are currently working with short sales and getting frustrated hang in there. Work them an...
Comments 17
By Scott Slocum, Scott Slocum & Associates 239-222-4800, Cape Coral
(Florida Future Realty Inc.)
Cape Coral Florida taxable property value decreased close to 26% according to the Lee County Property Appraisers Office.  This estimated taxable value information was released yesterday by Property Appraiser Ken Wilkinson.  He stated this was one of the toughest annual valuations periods he has gone through in years.  So what does this mean to you as the real estate consumer?  This means that most likely the Fall 2008 Trim Notices and Tax Bills should be providing some savings.  This should allow many buyers to increase their buying power by having the potential for lower property taxes by shifting around their qualifying ratios their total mortgage payment (PITI)  July 1st 2008 the property appraiser will release the certified taxable values and then in late August the property apprais...
Comments 0
By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
     Joe Kendall Realtor with Sandals Realty, Waterfront & Foreclosure Specialist writes:: Do you remember when waterfront property was so over priced it truly was not affordable for most? You only have to look back 3 years to 2005 when waterfront property was selling at an unbelieveable rate and an unbelievable price! Well, I believe everything goes in cycles and what goes up, must come down and we will slowly start the process of improving in our real estate market.  Today, your best value is in buying a waterfront property as hundreds of waterfront homes are within the foreclosure, short sale or bank owned process of selling the property. Waterfront property has dropped so much in price, it truely is a option every home buyer should consider before buying a home here in southwest Flo...
Comments 0
By Mike Kelly
(Sellstate Advantage Realty)
Once again I was reminded last week of what a wonderful career I have chosen! Business is booming and agents are busier than they have been in years! Just being around the office and seeing all of the activity and smiling faces is exciting! This passed week we closed quite a few transactions but I noticed a trend that is starting to develop! 5 of our closed transactions were for first time home buyers! Does anybody else feel the way that I do when you see the look on their face when you have finished the closing? That look is PRICELESS! It makes all the days when we are under pressure and putting out fires seem worth it! Throughout my career I can honestly say that working with a couple, young or old, on the purchase of their first home is extremely rewarding! Now is the time to buy and...
Comments 10
By Scott Slocum, Scott Slocum & Associates 239-222-4800, Cape Coral
(Florida Future Realty Inc.)
June 1st, 2008 is the official start of the 2008 Hurricane Season for cities throughout the U.S. including Cape Coral FL.  The question you need to start asking yourself is "Are you prepared?" In Cape Coral this preparation should start with registering for the City of Cape Coral's CODE RED notification program.  The reverse 911 system will notify you via phone (any number you choose) in case of any type of emergency or public service notification such as a boil water notice, etc...Register for CODE RED notification from the City of Cape Coral. Your next step is to stop by your local Publix and purchase a NOAA 7 Channel Weather Radio.  The one that I own is the WR-100 made by Midland Radio.  When severe weather conditions such as thunderstorms, tornados, hurricanes, wildfires, floods, e...
Comments 0